GS DIFFUSION: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GS DIFFUSION
Largest movements
- Receivables within one year -€15,123
down €15,123 (-17.5%), from €86,228 to €71,105
of which Trade receivables: -€13,963
- Cash -€10,304
down €10,304 (-49.1%), from €20,972 to €10,669
mainly Debts after one year (-€29,515) and Trade debts (-€18,259)
- Stocks and contracts -€8,137
down €8,137 (-4.8%), from €169,152 to €161,015
- Debts after one year -€29,515
down €29,515 (-42.3%), from €69,852 to €40,336
- Trade debts -€18,259
down €18,259 (-46.0%), from €39,673 to €21,414
- Profit (loss) carried forward +€11,812
up €11,812 (+14.1%), from €83,751 to €95,563
- Tax, wage and social debts -€6,717
down €6,717 (-22.4%), from €29,924 to €23,207
of which Taxes: -€9,372
- Other debts +€6,301
up €6,301 (+28.7%), from €21,992 to €28,293
- Gross operating margin -€38,167
down €38,167 (-62.0%), from €61,561 to €23,394
- Depreciation -€14,994
down €14,994 (-98.4%), from €15,237 to €243
- Other operating charges -€4,957
down €4,957 (-89.9%), from €5,512 to €555
- Taxes -€3,621
down €3,621 (-46.6%), from €7,776 to €4,155
- Financial charges -€635
down €635 (-9.7%), from €6,515 to €5,880
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €278,531 | €243,329 | -€35,201 | -12.6% |
| Fixed assets | 21/28 | €309 | €66 | -€243 | -78.6% |
| Tangible fixed assets | 22/27 | €309 | €66 | -€243 | -78.6% |
| Plant, machinery and equipment | 23 | €304 | €66 | -€238 | -78.3% |
| Furniture and vehicles | 24 | €5 | - | -€5 | |
| Current assets | 29/58 | €278,222 | €243,263 | -€34,959 | -12.6% |
| Stocks and contracts in progress | 3 | €169,152 | €161,015 | -€8,137 | -4.8% |
| Stocks | 30/36 | €169,152 | €161,015 | -€8,137 | -4.8% |
| Amounts receivable within one year | 40/41 | €86,228 | €71,105 | -€15,123 | -17.5% |
| Trade receivables | 40 | €84,870 | €70,907 | -€13,963 | -16.5% |
| Other amounts receivable | 41 | €1,358 | €198 | -€1,160 | -85.4% |
| Cash at bank and in hand | 54/58 | €20,972 | €10,669 | -€10,304 | -49.1% |
| Deferred charges and accrued income | 490/1 | €1,870 | €474 | -€1,395 | -74.6% |
| Total equity and liabilities | 10/49 | €278,531 | €243,329 | -€35,201 | -12.6% |
| Equity | 10/15 | €88,751 | €100,563 | +€11,812 | +13.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,751 | €95,563 | +€11,812 | +14.1% |
| Amounts payable | 17/49 | €189,779 | €142,766 | -€47,013 | -24.8% |
| Amounts payable after more than one year | 17 | €69,852 | €40,336 | -€29,515 | -42.3% |
| Financial debts | 170/4 | €69,852 | €40,336 | -€29,515 | -42.3% |
| Amounts payable within one year | 42/48 | €119,928 | €102,429 | -€17,498 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €28,339 | €29,515 | +€1,176 | +4.2% |
| Trade debts | 44 | €39,673 | €21,414 | -€18,259 | -46.0% |
| Suppliers | 440/4 | €39,673 | €21,414 | -€18,259 | -46.0% |
| Taxes, remuneration and social security | 45 | €29,924 | €23,207 | -€6,717 | -22.4% |
| Taxes | 450/3 | €29,924 | €20,551 | -€9,372 | -31.3% |
| Remuneration and social security | 454/9 | - | €2,655 | +€2,655 | |
| Other amounts payable | 47/48 | €21,992 | €28,293 | +€6,301 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,237 | €243 | -€14,994 | -98.4% |
| Other operating charges | 640/8 | €5,512 | €555 | -€4,957 | -89.9% |
| Non-recurring operating charges | 66A | €149 | €784 | +€635 | +425.8% |
| Gross operating margin | 9900 | €61,561 | €23,394 | -€38,167 | -62.0% |
| Operating profit (loss) | 9901 | €40,663 | €21,812 | -€18,851 | -46.4% |
| Financial income | 75/76B | €25 | €35 | +€10 | +38.6% |
| Recurring financial income | 75 | €25 | €35 | +€10 | +38.6% |
| Financial charges | 65/66B | €6,515 | €5,880 | -€635 | -9.7% |
| Recurring financial charges | 65 | €6,515 | €5,880 | -€635 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €34,173 | €15,967 | -€18,206 | -53.3% |
| Income taxes | 67/77 | €7,776 | €4,155 | -€3,621 | -46.6% |
| Profit (loss) for the period | 9904 | €26,397 | €11,812 | -€14,585 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,397 | €11,812 | -€14,585 | -55.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.